InvestSMART

Nuchev Limited (ASX:NUC)

ALERT: Price-sensitive ASX Announcement for NUC
Current share price for NUC : $0.085 -0.055 (-39.29%)+
Announcement
Release
30 Oct 2025 2:25PM
Price at Release
$0.140
Full Release
download
Summary
Nuchev Limited has secured a $2 million unsecured Working Capital Facility funded by two of its major shareholders to support its growth plans and provide operational flexibility. This facility, available from 30 October 2025, is aimed at allowing the company to pursue its expansion strategies, enhance cash flow, and reach profitability in the near term. The terms include an interest rate of BBSW plus 12% payable quarterly, with repayment required by 31 March 2028. Additional fees include a line fee and an establishment fee, with the option for capitalising interest and fees.
Key Points
  • $2 million unsecured Working Capital Facility established by Nuchev Limited.
  • Facility funded by two substantial shareholders of Nuchev.
  • Facility will aid in executing growth plans and provide flexibility for future opportunities.
  • Loan must be repaid by 31 March 2028 with interest charged at BBSW plus 12% per annum.
  • Voluntary prepayments may be redrawn.
  • Line fee of 1% per annum on the undrawn portion and a 2% facility establishment fee.
  • Interest and fees may be capitalised at the Company's discretion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.